Top Trends in Retail Payments: 2017 Edition
Celent has released a new report titled Top Trends in Retail Payments: 2017 Edition. The report was written by Zilvinas Bareisis, a Senior Analyst with Celent’s Banking practice.
This is the seventh edition of Celent’s annual trends review in retail payments. This year’s report is written firmly with a busy executive in mind. It deals with a dozen of the most important industry topics, majority of which are covered in just a few paragraphs concentrating on key takeaways for senior executives.
The core topics are grouped into two major sections, Personal Payments and Commerce, and Payments Security and Regulation. The report also has an “And Finally … ” section, in which we briefly address two topics, open banking and blockchain, without which any discussion of top trends in 2017 would simply be not complete. The first five of these trends are also discussed in a lot more detail in a companion report published at the same time.
Personal Payments and Commerce chapter covers the following trends:
- Contextual Commerce: A Step Closer to Reality.
- Mobile Wallets: Don’t Write Them Off Yet.
- CurrentC Is Dead. Long Live Merchant Apps
- Is This the Year (the US) Banks Win in P2P?
- Using Transaction Data to Create Value for All Parties: V2.0.
- Aren’t We All Merchants Now?
Payments Security and Regulation covers the following trends:
- EMV Is Still an 800-Pound Gorilla in the US
- 3-D Secure 2.0: Will it Take Off in 2017?
- Frictionless Payments? Watch Out for the European Regulators
- Get Ready for the European GDPR
- “And Finally...” section includes: Open Banking: Will the Fog Clear in 2017? and Blockchain: Is It Really for Retail Payments?
“2016 was anything but predictable, although the year offered fewer surprises in payments. Many of the trends discussed in previous years are still just as relevant today. However, the developments never stop, and there are always new things to consider,” commented Bareisis.
“There is no doubt that the payments industry is still as dynamic and exciting as ever. We at Celent feel privileged to have a front seat in keeping track of these developments, and will strive to help clients navigate the changes,” he added.